When someone wants to become a guardian of a child in California, they typically do so by filing a petition with the court. Other relatives of the child must be given notice in addition to the parents if they are living. If either one of the parents object, the court...
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Month: October 2014
Are all assets covered by a will?
In drafting a will, a California resident may wonder whether all assets and belongings are covered by the document. In some cases, an individual might choose to clarify designations already included in assets such as life insurance policies and retirement plans. In...
Estate planning benefits of Section 529 accounts
People in California who save for their dependents' college tuition in a Section 529 college savings account are able to accumulate tax-free accounts. This is a major factor for why people choose this type of account, but what many people might not realize is that...
The use of living wills in estate planning
A California resident may wonder about the preparation of a living will, which is a written expression that indicates how someone wants to be treated in given medical situations. An individual may detail wishes for or against life-sustaining measures. Similarly,...
What are the duties of a trustee?
A trustee in the state of California has the responsibility of managing property in a trust that has been established for an individual's beneficiaries. The trustee is required to adhere to the requirements that the creator of the trust, also known as the settlor,...